Target Corporation $TGT Shares Sold by Cygnus Capital Advisors LLC
by Jessica Moore · The Cerbat GemCygnus Capital Advisors LLC decreased its holdings in Target Corporation (NYSE:TGT – Free Report) by 57.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,280 shares of the retailer’s stock after selling 33,520 shares during the quarter. Target accounts for about 2.2% of Cygnus Capital Advisors LLC’s holdings, making the stock its 21st biggest holding. Cygnus Capital Advisors LLC’s holdings in Target were worth $3,302,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. WFA of San Diego LLC acquired a new stake in Target during the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target in the fourth quarter worth $25,000. Richardson Financial Services Inc. acquired a new position in shares of Target in the second quarter worth $26,000. Kimelman & Baird LLC purchased a new stake in shares of Target during the second quarter worth $26,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Target during the fourth quarter worth $26,000. Institutional investors and hedge funds own 79.73% of the company’s stock.
Insider Buying and Selling
In other Target news, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 926 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This represents a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company’s stock.
Analyst Upgrades and Downgrades
TGT has been the subject of a number of recent research reports. Jefferies Financial Group lifted their target price on Target from $161.00 to $177.00 and gave the company a “buy” rating in a report on Friday, August 14th. Wall Street Zen raised Target from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on Target in a research note on Thursday, August 20th. Argus set a $150.00 price objective on Target in a research report on Friday, May 22nd. Finally, Barclays upped their target price on shares of Target from $115.00 to $140.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 19th. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and an average price target of $159.52.
Check Out Our Latest Analysis on Target
Target Stock Performance
NYSE:TGT opened at $164.15 on Tuesday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The firm has a market capitalization of $74.57 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.06 and a beta of 0.99. The business’s fifty day moving average price is $147.45 and its 200 day moving average price is $132.02.
Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.Target’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.85 earnings per share for the current fiscal year.
Target Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were paid a dividend of $1.16 per share. The ex-dividend date was Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. Target’s dividend payout ratio (DPR) is presently 48.18%.
About Target
Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.
Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.
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